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04 Apr 2016

ArcelorMittal USA to secure up to $1 bn loan facility

Steel giant ArcelorMittal today said its US-based subsidiary intends to secure up to USD 1 billion 5-year revolving credit facility, which the firm will utilise for general corporate purposes.

25 Mar 2016

Tata Steel Agrees To Sell Clydebridge And Dalzell Plants

Tata Steel is still negotiating the potential sale of the rest of its Long Products Europe business to Greybull Capital.

18 Mar 2015

SAIL undertakes modernisation, expansion of 5 steel plants

SAIL has undertaken modernisation and expansion at five of its steel plants to augment its crude steel production capacity to 21.4 MTPA.

01 Feb 2015

Centre to pump in Rs 1.5 lakh cr in 4 new steel plants

The Centre Sunday said it will pump Rs 1,50,000 crore for building four new steel plants of 20-24 million tonnes combined capacity in collaboration with the governments in four states.

25 Sep 2014

Govt's coal supply alternative to plants key for lenders: IBA

Lenders will not be adversely affected if government delivers on its commitment on finding an alternative to ensure coal supply to power and steel plants, Indian Banks Association said on Thursday.

15 Aug 2014

Unfortunate that steel, iron-ore are imported: Narendran

Pitching for proper utilisation of resources, Tata Steel MD (India and South East Asia) T V Narendran today said it is "unfortunate" that steel and iron ore are being imported by a country blessed with rich mineral reserves.

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